Buying Coins When You’re Brand New (Day 1 Strategy)

Day 1 is dangerous. Day 1 is when you are most likely to get ripped off by a smooth-talking salesman selling "rare" coins. Day 1 is when you accidentally buy silver-plated copper instead of real silver.

The "Day 1" Rule: No Numismatics

For your first purchase, you are banned from buying anything "collectible," "rare," "graded," or "limited edition." You are only allowed to buy weight.

The Recommended First Buy

Go to a reputable site (or local shop) and buy: 5 Ounces of Generic Silver Rounds.

• Design: Buffalo, Morgan Design, or Flag. (It doesn't matter).
• Price: Spot + $3.00 (approx).

Why This Works

1. Low Risk: You are paying the lowest possible premium. Even if you sell it tomorrow, you lose very little.
2. High Feedback: Holding 5 one-ounce rounds gives you a feel for the weight and sound of real silver.
3. Liquidity: These are the easiest things to sell.

What to Expect

• The Package: Will be heavy for its size.
• The Look: Shiny, but maybe some scratches (bag marks). This is normal.
• The Feeling: Addiction. Once you hold real money, paper money feels like Monopoly cash.